Monday, July 22, 2013

Precious metals rebound opportunities review:

On
a post July 1, 2013 I assumed there to be opportunity due to the recent bearish
stampede out of the precious metal miners which had driven the prices of many
miners down to levels that were extreme as measured by per cent (negative) deviation
from the mean – in this case a simple 30-week moving average.

The
table displayed was the output from a filter run at June 2013 month end that
screened a basket of precious metals producers as to their current per cent negative
distance from their respective 30-week simple moving averages. The selected
basket was sorted by the % deviation number and then divided into four probable
outcomes.

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About Me

Bill has been writing a weekly business column in the Toronto Star since 1997, and was an early contributor to the former “Report on Business Television”. He has founded the Getting Technical Market Newsletter in December 1998.
Bill is also an Instructor for the Canadian Securities Institute. He is also a contributing author of the textbook for the technical analysis course offered by the Canadian Securities Institute (CSI. He is also called upon to provide training to industry professionals on technical analysis at many of Canada’s leading brokerage firms.
In February 2010 Bill became a technical sub-advisor to Stonebrooke Asset Management Ltd. who manages the Hybrid Investment Program under the Elite Wealth Strategies program for Union Securities Ltd..
The relationship ended in Feb 2012 but over the 24 month period the Hybrid Program enjoyed five technical selections that were the subject of takeover bids namely, Gerdau Ameristeel, El Paso Corp, Biovail Corp. Viterra Inc. and ShawCor Ltd